🐷PiggyBank

Market never repeats; it just rhymes!

PiggyBank is a signature approach to gamify the END OF SEASONs. âģ

A portion of prize pool goes to the PiggyBank. 💰

A progress bar serving as an indicator that tells you where we are so far. ðŸŽŊ

  • ðŸŧ When progress bar is filled up and target met, PiggyBank will be leveled up and progress will be reset. New benchmark will be 2% higher than previous round.

  • 🔚 If progress bar is NOT filled up within 12 hours time window, then season will end, and the contributors in the last round will split all the reward accumulated in the PiggyBank.

PiggyBank mechanism is subjected to change after certain conditions are met during certain seasons. ⏰

To prevent mempool science and giga gas price attack in attempting to win the Piggybank, like what happened in Fomo3D, the max duration end time will be protected.

It goes as follows --

  1. We generate a pair of public key + private key. 🔑

  2. We encrypt the endtime using the public key. We also reveal the public key and F(endtime). For now no one is able to decrypt except for ourselves. 🔒

  3. After season ends, reveal the private key. Anyone can verify that -- 👁

    1. The public key and private key are valid.

    2. The F(endtime) indeed results from encrypting endtime using the public key.

    3. The endtime matches the actual season end time.

PiggyBank Last-hit

Last-hitting the PiggyBank grants player a 8% $NATIVE reward of the current PiggyBank round.

PiggyBank Round
PiggyBank Pool
Target
Last-hit Reward

Round 1

1 $NATIVE

1

0.08 $NATIVE

Round 2

2 $NATIVE

1.02

0.0816 $NATIVE

Round 3

3.02 $NATIVE

1.0404

0.083232 $NATIVE

round_x

prev_pool + target

prev_target * 1.02

target * 0.08

Last-hit: being the last person who plays the game before current PiggyBank levels up.

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